MOU SIGNING BETWEEN COMPETITIVENESS SUPPORT FUND (CSF)
AND
BOI
As many of the fundamental objectives and programs of the BOI and the CSF have significant commonalities, both agree to work together and cooperate with each other for the development of Pakistan’s industry on the following terms and conditions:
- Prepare a Strategy Paper - Towards a Structured Reform Process for Improving the Investment Climate and Enhancing Competitiveness of Pakistan’s Economy.
- CSF will undertake a joint initiative with the Board of Investment (BOI) to create a Foreign Investors Council of Pakistan (FIC) as a forum for policy dialogue between the GOP and the Foreign Investor Community with a view to strengthening Pakistan in competing for international investment, promoting Pakistan as a preferred investment location and enhancing Pakistan’s competitiveness.
- CSF has undertaken a Policy Study/Action Plan on Special Economic Zone and Benchmarking. The study benchmarked Pakistan with India, China, Thailand Malaysia and Vietnam. The CSF will work with BOI to implement the Action Plan prepared by the CSF to facilitate the proposed Task Force towards setting up special economic zones in Pakistan.
- Based on the policy study “Policy Analysis on the Competitive Advantage of the Food Processing Sector in Pakistan: Focus on Quality, Safety and Standards” CSF has developed a Policy Action Plan to Enhance Finance and Competitiveness in the Horticulture Sector. The BOI will be involved in the proposed Task Force for Horticulture Finance and Competitiveness as a Member of the Task Force with a special focus on international investment in the sector.
- CSF will assist the BOI in its efforts to benchmark BOI with other successful investment promotion bodies in and outside of the region to enhance effectiveness of its operations.
- Jointly organise a workshop/conference on “Cross-border Co-operation through Trade and Investment” in FATA. The participants of the workshop/conference may include the stakeholders in the region, the interested Pakistani entrepreneurs (especially from FATA ), and the interested participants / foreign investors including those from Afghanistan.
- Preparation of “Investment Guides” to make information available regarding investment opportunities, cost of doing business and marketing prospects for as many areas of Pakistan as is mutually acceptable and feasible.
- Any other activities deemed appropriate by mutual agreement to be necessary in the future for increasing investment and enhancing competitiveness in Pakistan and promoting Pakistan as a preferred investment destination in the region.
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